Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

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The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

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Cyprus Strengthens Digital Infrastructure Through New Transformation Push

by THEFUTURE.TEAM

May 19, 2026

Cyprus Embraces Digital Transformation With Strategic Precision

Cyprus is continuing to advance its digital transformation strategy, with competitiveness, resilience and inclusion positioned as central priorities within the country’s broader development agenda.

In a statement marking World Telecommunication and Information Society Day, the Deputy Ministry of Research, Innovation and Digital Policy said Cyprus is investing in modern digital infrastructure while seeking to ensure citizens can fully participate in an increasingly interconnected environment.

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Global Observance And Local Initiative

World Telecommunication and Information Society Day is observed annually on May 17, following its establishment by the International Telecommunication Union in recognition of developments in communications technologies since 1865.

For 2026, the ITU selected the theme “Digital Lifelines: Strengthening Resilience In A Connected World,” focusing on the importance of resilient infrastructure, including terrestrial networks, submarine cables, satellites and advanced data systems.

Ensuring Resilience And Continuity

According to the Deputy Ministry, strengthening the resilience of digital networks has become increasingly important as economies and societies rely more heavily on uninterrupted connectivity. Officials said the initiative aims to encourage cooperation between governments, businesses and local communities in safeguarding communications infrastructure, particularly during periods of disruption or crisis. The ministry added that reliable connectivity remains essential to ensuring equal access to communication and digital services.

Technological Investments And National Ambitions

Cyprus has already achieved full population coverage through 5G networks while also continuing the rollout of ultra-high-speed fibre optic infrastructure across the country. At the same time, authorities are investing in digital skills development programmes aimed at improving participation in the digital economy.

Future-Proofing Growth And Prosperity

The Deputy Ministry said its long-term strategy focuses on creating a secure and resilient digital environment capable of supporting economic growth and social development. Through cooperation with international partners and investments in technologies, including artificial intelligence and early warning systems, Cyprus aims to strengthen the infrastructure supporting its digital transition.

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